Relational Investors Urges
Buyback by Storage Tech

Relational Investors Inc., an activist money manager, said it has become one of the top shareholders in Storage Technology Corp., and is agitating for a $1 billion stock buyback.

Ralph Whitworth, a manager of Relational, said that if Storage Tech doesn't undertake the buyback soon, he expects to mount a proxy fight to replace one or two directors of the Louisville, Colo., maker of computer storage devices.